In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTwatch nowThe European Commission, the European Union's executive arm, on Monday hit Apple with a 1.8 billion euro ($1.95 billion) antitrust fine for abusing its dominant position on the market for the distribution of music streaming apps.
Apple also banned developers of music streaming apps from providing any instructions about how users could subscribe to these cheaper offers, the Commission alleged.
Apple responseIn a fiery response to the fine, Apple said Spotify would stand to gain the most from the EU pronouncement.
That's because instead of selling subscriptions in their iOS app, Spotify sell them via their own website stead.
Apple fine just a 'parking ticket'The Commission said that Apple prevented developers of music streaming apps from informing their iOS users within their apps about prices of subscriptions or offers available elsewhere.
Persons:
Apple, —, Margrethe Vestager, Vestager
Organizations:
European Commission, Apple, Commission, EU, U.S, Spotify, Apple Music
Locations:
Brussels, Stockholm, Sweden, Cupertino